Akis Gayrimenkul Yatirim Ortakligi A.S. Stock Forecast
Akis Gayrimenkul Yatirim Ortakligi A.S. stock price ended at TRY 17.37 on Friday, after gaining 3.52%.
(Updated on May 17, 2024)
The Akis Gayrimenkul Yatirim Ortakligi A.S. stock price gained 3.52% on the last trading day (Friday, 17th May 2024), rising from TRY 16.78 to TRY 17.37. During the last trading day the stock fluctuated 5.03% from a day low at TRY 16.69 to a day high of TRY 17.53. The price has fallen in 6 of the last 10 days and is down by -11.11% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately TRY 120.14 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Akis Gayrimenkul Yatirim Ortakligi A.S. stock with a 90% probability to be traded between TRY 16.51 and TRY 19.62 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AKSGY.IS Signals & Forecast
The Akis Gayrimenkul Yatirim Ortakligi A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 16.91 and TRY 16.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 5.59%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Akis Gayrimenkul Yatirim Ortakligi A.S. stock
Akis Gayrimenkul Yatirim Ortakligi A.S. finds support from accumulated volume at TRY 17.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved TRY 0.84 between high and low, or 5.03%. For the last week, the stock has had daily average volatility of 5.11%.
Our recommended stop-loss: TRY 16.69 (-3.90%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (AKSGY.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Akis Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 17.20, and during the day (based on 14 day Average True Range), to move between TRY 16.46 and TRY 18.28, which gives a possible trading interval of +/-TRY 0.91 (+/-5.24%) up or down from last closing price. If Akis Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 10.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at TRY 17.59 (1.27%) than the support at TRY 17.05 (1.84%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Akis Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Akis Gayrimenkul Yatirim Ortakligi A.S. stock to perform well in the short-term period.
Current score: 3.783 Buy Candidate Unchanged
Predicted Opening Price for Akis Gayrimenkul Yatirim Ortakligi A.S. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 17.20 ( 1.00%) | TRY 17.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AKSGY.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.04 | 3.84 % | |
| R2 | 17.72 | 1.99 % | ||
| R1 | 17.52 | 0.85 % | ||
| Current price: | 17.37 | |||
| Support | S1 | 16.88 | -2.85 % | |
| S2 | 16.68 | -3.99 % | ||
| S3 | 16.36 | -5.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.54 | 12.49 % | |
| R2 | 17.68 | 1.78 % | ||
| R1 | 17.59 | 1.27 % | ||
| Current price | 17.37 | |||
| Support | S1 | 17.05 | -1.84% | |
| S2 | 16.86 | -2.94% | ||
| S3 | 16.44 | -5.35% |
FAQ
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